During 2016, Travis Purchases $13,000 of Used Manufacturing Equipment (7-Year

Multiple Choice

During 2016, Travis purchases $13,000 of used manufacturing equipment (7-year property) for use in his business, his only asset purchase that year. Travis has taxable income from his business of $500,000. What is the maximum amount that Travis may deduct under the election to expense?

A) $0
B) $13,000
C) $25,000
D) $500,000
E) None of the above